Simon Jordan has blasted Ken Anderson’s ownership of Bolton Wanderers as ‘the worst you can ever see’, after the Championship club were handed a stay of execution by the High Court.
The Trotters had faced administration or liquidation over an unpaid tax bill of £1.2million, but at a High Court hearing on Wednesday they were given time to settle their debts and avoid a winding-up order.
They now have two weeks to find a new buyer, after the club confirmed on Tuesday night that a proposed takeover had collapsed.
It’s the sixth time in 16 months that Bolton have fended off a winding-up petition due to unpaid tax and VAT, having won a similar stay of execution three years ago to allow previous owner Sports Shield BWFC to complete a last-minute takeover.
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Bolton owner Ken Anderson (front, left) has been hammered for his handling of the club’s finances
Current owner Anderson bought a stake in the club during that buy-out and took majority control in 2017 after Sports Shield went into liquidation.
But Anderson, who owns 94.5 per cent of the club’s shares, has come under fire for struggling to finance the running costs of the club.
And former Crystal Palace owner Jordan blasted Anderson’s failures on talkSPORT on Wednesday afternoon.
Speaking to Jim White, he said: “I think they’ve been badly managed by a variety of people and the latest instalment is Ken Anderson.
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“The main threat is whether they are going to get a wind-up petition to stick, and I don’t think they will. But if they did, I’d be concerned for Ken.
“If he’s allowed this to happen, rather than take the easier route to go into administration where he can still make a deal, and he puts Bolton in a situation where they are liquidated, then that is the most irresponsible ownership; even worse than what they experienced at Leyton Orient, even worse than what they have experienced with Roland Duchatelet at Charlton.
“This is the worst kind of ownership you could ever see.â€
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Jordan’s comparison with Duchatelet is particularly scathing given the ongoing turmoil behind the scenes at Charlton
Bolton have struggled to pay the wages of their players and wider club staff over the course of the season.
Trotters stars received their salaries for February late, while the was doubt over whether their recent game against Millwall – a 2-1 win for the Greater Manchester side – would go ahead over policing costs.
Bolton currently sit second from bottom in the Championship table and would face a 12-point deduction if they fail to settle their debts.
Anderson has been branded a ‘rogue chairman’ for his failure to financially back the club since his takeover.
And Jordan said the Trotters chief has ‘no business in being involved in football’.
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Bolton fans have campaigned for Anderson to sell their club this season
“If you buy a club, you’re going to have to go into your pocket and fund it,” he added.
“You don’t get a free pass. You don’t get to go in there and pay yourself, you have to support the football club.
“I don’t believe that is what’s happened at Bolton, I believe that it’s been seen as an opportunity to make money from the club.
“There’s nothing wrong with owners making money from a football club, as long as they’ve done their bit and their responsibility of building the club up. When the club is successful, everybody should share, as long as that means the club’s advancement is not stopped.
“I can only assume that Ken wants to be able to achieve the maximum return for Ken, at the same time as Bolton.
“When you take on a football club you have a responsibility, you become a custodian of it. Especially a club in a situation like Bolton sitting in the Championship, it needs investment otherwise you have no business in being involved in football.”
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Ken Anderson's Bolton fiasco is 'the worst kind of ownership you can ever see', says Simon Jordan on talkSPORT The Championship club have been given two weeks to find a new buyer, settle
Ken Anderson's Bolton fiasco is 'the worst kind of ownership
Simon Jordan has blasted Ken Anderson's ownership of Bolton Wanderers as 'the worst you can ever see', after the Championship club were handed a stay of execution by the High Court. The Trotters had faced administration or liquidation over an unpaid tax bill of £1.2million, but at a High Court hearing on Wednesday they were […]
Ken Anderson's Bolton fiasco is 'the worst kind of ownership
'The worst kind of ownership you can ever see', says Simon Jordan on Ken Anderson He currently owns 94.5 per cent of the club through his Inner Circle company after taking a majority stake in 2017.
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"I'd be concerned for Ken Anderson, if he's allowed this to happen, rather than take the easier admin route. He can still do a deal for the well-being of Bolton through a CVA where they are protected. He hasn't taken that path and put Bolton into a situation where they could be liquidated this is the worst kind of ownership that you can ever
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